RECENT MMS LEASE SALE AUGUST 20, 2008.

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Lease Sale 198 - Sale Summary Lexco Data Sytems - (OWL) Offshore Wells & Leases



Lease Sale 198
Sale Summary

Print Report

Bid Summary

Tracts Bid On:

405

Total Acres Bid On:

2,099,848

Sum of High Bids:

$588,309,791

Sum of All Bids:

$978,310,887

Total Number of Bids:

707

Total Number of Bidders:

82

Number Single-Bid Tracts:

277

Number Multi-Bid Tracts:

128

Average Dollar/Acre:

$280

 

Tract Receiving Highest Bid

Highest Bid: $42,789,994
Block: GC 0287
Lease: G28063

Rank

Bidder

Interest

Bonus

1

Amerada Hess Corporation

100.00

42,789,994

 2

Nexen Petroleum Offshore USA Inc.

100.00

 11,718,887

3

Marathon Oil Company

66.66

10,189,440

 

Woodside Energy (USA) Inc.

33.34

 

4

Devon Energy Production Company, L.P.

100.00

10,045,650

5

Newfield Exploration Company

50.00

1,870,848

 

Anadarko Petroleum Corporation

50.00

 

6

Remington Oil and Gas Corporation

100.00

1,827,311

7

Noble Energy, Inc.

50.00

590,400

 

Samson Offshore Company

50.00

 

8

BP Exploration & Production Inc.

100.00

469,845

 

Tract Receiving Most Bids

Highest Number of Bids: 10

Block: SS 0127
Lease: G27924

Rank

Bidder

Interest

Bonus

1

ConocoPhillips Company

100.00

3,000,000

2

LLOG Exploration Offshore, Inc.

100.00

1,706,000

3

Hydro Gulf of Mexico, LLC

50.00

1,358,555

 

Dominion Exploration & Production, Inc.

50.00

 

4

Samson Offshore Company

100.00

800,128

5

Mariner Energy, Inc.

60.00

575,707

 

Nexen Petroleum Offshore USA Inc.

40.00

 

6

Energy Partners, Ltd.

100.00

338,925

7

Callon Petroleum Operating Company

100.00

321,976

8

Remington Oil and Gas Corporation

100.00

295,000

9

Bois d'Arc Properties, LP

100.00

242,242

10

Hunt Oil Company

100.00

217,600